Profile: Fuel Systems Solutions, Inc. (FSYS.O)

Fuel Systems Solutions, Inc. (Fuel Systems), incorporated in 1985, designs, manufactures and supplies alternative fuel components and systems for use in the transportation, industrial and power generation industries on a global basis. These components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines. The Company offers an array and combination of gaseous fuel components to assemble fuel conversion kits and systems for customers, including pressure regulators, fuel injectors, flow control valves and other components designed to control the pressure, flow and/or metering of gaseous fuels; solid-state components and software that monitor and optimize fuel pressure and flow to meet manufacturers’ engine requirements; gaseous fueled internal combustion engines, or engines manufactured by original equipment manufacturers (OEMs) that are integrated with Fuel Systems’ fuel delivery and electronic controls, and systems integration support to integrate the gaseous fuel storage, fuel delivery and/or electronic control components and sub-systems to meet OEM and aftermarket requirements.

In August 2009, Teleflex Inc. announced that it had completed the previously announced sale of its Power Systems business to Fuel Systems. On January 15, 2009, the Company completed the acquisition of Distribuidora Shopping S.A. and its subsidiary Tomasetto Achille S.A. from Alessandro Carlo Evi and Susana Iallonardi. Distribuidora Shopping and Tomasetto Achille manufacture, import, export and market natural gas kits for vehicles.

Automobile manufacturers, taxi companies, transit and shuttle bus companies, and delivery fleets are among the Company’s most active customers outside the United States. During the year ended December 31, 2008, approximately 87%, of the Company’s revenues were derived from sales outside the United States.

Fuel Systems sells products through a worldwide network encompassing 180 distributors and dealers in over 60 countries and through a sales force that develops sales with distributors, OEMs and end users. During the year ended December 31, 2008, sales to distributors accounted for 60.5% and to OEM customers accounted for 39.5%, of the Company’s net revenue.

The Company competes with Landi Group, OMVL, S.r.L. and O.M.T. Tartarini, S.r.L., Aisan Industry Co. Ltd, Nikki Company Ltd and TeleflexGFI.